In a groundbreaking development within the decentralized finance (DeFi) sector, Plume, the first Layer 1 blockchain purpose-built for Real World Asset Finance (RWAfi), has announced the upcoming launch of its PayFi Vault on its flagship yield streaming product, Nest.
This new vault will be powered by PayPal USD (PYUSD), aiming to revolutionize payment financing by bringing it on-chain and utilizing institutional-grade stablecoin-backed assets.
Bridging Traditional Finance and DeFi
Plume’s integration of PYUSD into its PayFi Vault signifies a strategic move to bridge traditional payment systems with decentralized financial mechanisms.
By leveraging PYUSD—a fully reserved stablecoin backed by dollar deposits, U.S. treasuries, and cash equivalents—the PayFi Vault establishes a secure and stable foundation for on-chain payment financing. This integration not only enhances liquidity but also offers users globally access to institutional-grade financing opportunities.
Understanding the PayFi Vault
According to the announcement by Plume Network, the PayFi Vault is designed to provide last-mile liquidity for the supply chain, effectively powering global trade, commerce, and inventory management.
By tokenizing payment financing solutions such as invoices, receivables, and payment obligations, the vault unlocks sustainable yield offerings that were previously inaccessible to a global user base. Stablecoins like PYUSD play a crucial role in this ecosystem, serving as a reliable and efficient means of transferring value, thereby facilitating faster settlements and reducing costs associated with traditional financing methods.
Our PayFi vault with @PayPal USD on @NestCredit is coming soon to expand financing opportunities onchain.
Stablecoins are the original RWA – real dollars onchain that are moving trillions, proving that the digital dollar works.
— Plume Network – RWAfi L1 (@plumenetwork) March 4, 2025
The Role of Stablecoins in Payment Financing
Stablecoins, particularly those fully backed by real-world assets like PYUSD, are increasingly recognized as digital dollar standards. Their stability and regulatory compliance make them ideal for integration into DeFi platforms seeking to offer secure and efficient financial services.
In the context of Plume’s PayFi Vault, PYUSD acts as a stable liquidity layer, enabling users to participate in yield-generating activities without the volatility risks associated with other cryptocurrencies. This integration underscores the evolving role of stablecoins in facilitating real-world financial applications within the DeFi landscape.
Kraken’s mysterious announcement on May 17 has set the crypto space abuzz with speculation and rumors. In a short video on X, the US-based crypto exchange revealed its acquisition of retail trading platform NinjaTrader.
However, the bigger surprise was its use of the symbol “KRAK” in the caption “KRAK the world” with no further context.
Is KRAK a Token or a Ticker?
The post has fueled intense speculation over Kraken’s plans. Some community members are questioning whether the exchange is preparing to launch a native token, plan an IPO, or perhaps both.
Kraken has offered no further explanations for the post as of press time.
Meanwhile, some observers suggest KRAK could represent the ticker symbol for a long-anticipated initial public offering. Others believe it hints at a native exchange token, possibly followed by an airdrop to reward longtime users.
Those who believe it is a token have high expectations for an upcoming airdrop that could benefit the exchange users.
Notably, a native token wouldn’t be a new concept. Rival exchanges like Binance already issue native assets used for loyalty rewards, trading fee discounts, and governance rights on their platforms.
“Do i get airdrop for beeing a loyal kraken customer for the last 8 years?,” One of the exchange user asked.
However, others point to Kraken’s IPO ambitions. Reports from earlier this year suggested the exchange aims to go public by next year.
While no formal filing has been made, Kraken has already laid some groundwork by cutting staff, streamlining operations, and expanding into stock and derivatives trading.
HTX, a leading global cryptocurrency exchange, unveiled its next-generation “Crypto Loans 2.0” product on May 19.
This enhanced version brings a refined structure and superior user experience, featuring multi-asset collateral, a smart dynamic Loan-to-Value (LTV) model, instant fund access, flexible repayment options, and zero fees. To mark this significant launch, HTX has rolled out two exclusive promotions: “Borrow & Earn” #7, where users can share a massive 5,000,000,000 $HTX prize pool, and the “Millions in Rewards Plus Margin Power-up” event, which provides BTC loan interest rates as low as 0.09% and an extra 10% discount on USDT loans.
Unlock Multiple Benefits with HTX Loan Products
To celebrate the grand launch of Crypto Loans 2.0 and commemorate the 15th anniversary of Bitcoin Pizza Day, HTX is simultaneously launching “Borrow & Earn” #7 and an exclusive limited-time margin promotion, delivering substantial rewards to our valued users.
“Borrow & Earn” #7 runs from May 19 at 02:00 (UTC) to June 2 at 15:59 (UTC), featuring a total prize pool of 5,000,000,000 $HTX. Users simply need to borrow USDT using the Crypto Loans Flexible product during the event to earn a share of the $HTX prize pool, based on the interest paid — the more interest paid, the greater the rewards. Rewards will be credited to winners’ Spot accounts within 7 working days after the event ends.
Concurrently, HTX has launched an exclusive margin promotion, “Millions in Rewards Plus Margin Power-up”, active from May 20 at 10:00 (UTC) to June 2 at 10:00 (UTC). For a single USDT loan of $1,000,000 or more, users can enjoy an extra 10% interest rate discount! This brings the annual interest rate down to as low as 3.9% (or 0.01% daily). There is no limit on borrowing frequency and each qualifying loan benefits from this generous discount.
Don’t miss the Pizza Day 15th Anniversary Bonus! During the event, the top 10 users by cumulative loan volume will share 264,000,000 $HTX (worth $500). Register via the provided link to participate. Leverage these ultra-low interest rates to maximize potential returns and aim for substantial gains.
Optimized Borrowing Experience with Multi-Asset Collateral
Loan efficiency and asset liquidity have always been two major user-focused concerns. As a key highlight of this upgrade, HTX’s “Crypto Loans 2.0” introduces a multi-asset collateral mechanism, supporting over 20 mainstream cryptocurrencies as collateral assets, including USDT, BTC, ETH, TRX, DOGE, XRP, SOL, and AVAX. This significantly boosts users’ asset utilization efficiency.
To further enhance the borrowing experience, HTX has expanded its loanable assets to include SOL, TON, and USDC, with USDC also available as a collateral option. Unlike the traditional single-asset collateral model, the multi-asset collateral mechanism allows users to unlock liquidity from their holdings while effectively reducing the risk of forced liquidation due to single-asset volatility.
Another standout feature of this upgrade is HTX’s limited-time offer: an ultra-low 0.09% annual interest rate for BTC Flexible Loans, with borrowing limits up to 100 BTC. This remarkable rate represents a 555-fold reduction from the previous annual rate of over 5.0%, making it an exceptional deal. For example, borrowing BTC equivalent to approximately 1,000,000 USDT would incur a mere 2.37 USDT in daily interest — a truly remarkable saving.
Crypto Loans 2.0 also offers the following advantages:
● Smart Dynamic LTV Mechanism: Interest rates adjust in real time based on market conditions, ensuring industry-leading competitiveness. Annualized interest rates for Flexible Loans include 3.9% for USDT, 2.4% for ETH, and as low as 0.09% for BTC.
● Flexible Term Options: Supports flexible configuration for both flexible and fixed terms (7/30/45/90 days).
● Instant Fund Access & Flexible Repayment: Borrowed funds are delivered instantly, interest accrues every hour, and users enjoy the freedom to repay at any time, ensuring optimal fund efficiency.
● Institutional-Grade Risk Control: Supports overcollateralized loans with leverage capped under 1X and tiered liquidation to safeguard accounts. Users retain all remaining collateral assets.
● Personalized 1-on-1 VIP Service: Delivers customized loan limits, flexible currency selections, and special discounted interest rates for SVIP users.
Crypto Loans 2.0 is now live! Users can access it via the HTX website by clicking “Loans” > “Crypto Loans”, or through the HTX App by tapping “More” > “Crypto Loans”. Here’s how to get started:
HTX’s Crypto Loans 2.0 leads the industry with its ability to boost capital efficiency, lower liquidation risk, provide flexible investment options, and allow multi-asset collateral. Moving forward, HTX will continue to enhance its lending products, pushing the platform’s financial services toward greater efficiency, lower barriers, and broader diversification. Try Crypto Loans 2.0 now to enjoy seamless borrowing, ultra-low interest rates, and access to massive prize pools. Make every digital asset your strategic liquidity advantage on the road to financial freedom.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX onX, Telegram, and Discord.
Solana price is stuck within the range of $140 and $150, but a deep dive into technical analysis suggests that the altcoin may reach $300 soon. Moreover, robust fundamentals, including a surge in SOL staking volumes, support this bullish outlook.
SOL value today trades at $150 after facing rejection at the $153 resistance level. The token eyes more gains this weekend amid a positive shift in the broader market sentiment after Bitcoin broke above $97,000 for the first time in two months.
Solana Price Eyes $300 After Bounce From Critical Trendline
The Solana price is about to enter a recovery phase that may culminate in a 100% surge to $300. This is according to analyst Mihir, who observed that SOL has been trending upwards since 2023, and defending resistance at the lower ascending trendline.
In his analysis, Mihir noted that each time the SOL price bounces from this trendline, it goes on an uptrend. In 2023, the token recorded a 2x rally after making such a bounce, and later in 2024, SOL went on a parabolic bull run from below $20 to an all-time high of $294 after recovering from this support level.
Solana Price Chart
If history rhymes, Solana may have entered a recovery phase, which may push the price upwards to as high as $300 in the near term. This bullish leg may occur in the coming months.
SOL Overtakes Ethereum in Staking Volumes
SOL price also eyes gains after analyst Colin Wu noted that Solana has surpassed Ethereum in staking volumes, a phenomenon that has sparked discussions within the crypto community about whether SOL is now a more secure layer 1. Solana staking volumes stand at $61 billion, which is slightly higher than Ethereum’s $58.7 billion.
While this data suggests that validators are favouring the Solana network over Ethereum, the latter still leads in terms of blockchain security. However, this surge may still fuel a Solana price rally as high staking volumes indicate that a majority of tokens are being taken out of the circulating supply, which may trigger a supply squeeze if demand surges.
Solana Four-Hour Chart Signals Rally
The four-hour Solana price chart teases that this altcoin is on the path towards a bullish breakout if it can overcome crucial resistance hurdles at $153 and $180. If it clears these levels, SOL might make a run up to $205 and kickstart an uptrend towards $300.
The RSI supports this bullish Solana price forecast, after its recent bounce above 50, suggesting that the bullish momentum is growing strong. However, this indicator needs to make a series of higher highs for the bullish continuation to play out. If it drops below 50, it will invalidate this bullish thesis and trigger a downtrend to support at $115.
SOL/USDT: 4-Hour Chart
To sum up, Solana price is flashing bullish signals, with its bounce from a descending trendline and robust fundamentals suggesting that a move to record highs may be on the horizon. The four-hour chart shows a major hurdle at $153 that SOL needs to overcome to avert going back to a downtrend.
